May 3, 2001 |
News Corp., owner of Fox Entertainment Group and the New York Post, faces charges of distorting data as it seeks U.S. approval by a Saturday deadline for its $5-billion purchase of Chris-Craft Industries Inc. A coalition of consumer groups that oppose the merger said News Corp. gave the Federal Communications Commission information about the New York Post's finances that overstated losses as the company seeks a waiver of broadcast-ownership rules.
May 8, 1997 |
Media giant News Corp. said Wednesday that its earnings rose sharply in the latest quarter, helped by its U.S. television operations and a strong performance by the "Star Wars" trilogy in its cinema reprise. News Corp., which is led by Rupert Murdoch, said in a statement released in New York that its profit after one-time items for its third quarter ended March 31 rose to $256 million from $59 million a year earlier. Revenue rose 27% to $2.9 billion.
November 9, 2000 |
News Corp., the media company controlled by Rupert Murdoch, said Wednesday that its fiscal first-quarter profit fell 10% because of lower audience ratings at Fox Television Network. Profit from operations fell to $149 million, or 14 cents per American depositary receipt, from $165 million, or 16 cents, a year earlier. Revenue rose 2.6% to $3.24 billion. The profit matched the average estimate of eight analysts polled by First Call/Thomson Financial. Fox, the No. 4-rated U.S.
August 1, 1992 |
Former Fox Inc. Chairman Barry Diller, who resigned as head of the film and TV studio in February, is seeking regulatory approval to sell $33.3-million worth of notes he acquired in connection with an apparent settlement agreement earlier this year. The disclosure came in a registration statement filed with the Securities and Exchange Commission by News America Holdings, the parent company of Fox. News America is the U.S. subsidiary of News Corp.
August 9, 2007 |
Rupert Murdoch said he planned to sell Dow Jones & Co.'s smaller newspapers and hire more staff to bolster the Wall Street Journal's presence, especially in Europe and Asia. The News Corp. chairman and controlling shareholder, who sealed a hard-fought deal to buy Dow Jones last week for $5 billion, also said Wednesday that he was still weighing other steps after the transaction closes in a few months.
January 31, 1996 |
While executives from Microsoft Corp. and MCI Communications Corp. were enthusiastically touting their new strategic alliance to make money in the Internet business this week, the mood in a newsroom in lower Manhattan's Silicon Alley was decidedly less sunny. That's where about 200 employees had been laboring for six months to produce content for a joint venture between MCI and News Corp.
May 11, 1995 |
In what could be the most potent alliance yet between a telephone company and a media firm, MCI Communications Corp. announced Wednesday that it will invest up to $2 billion in Rupert Murdoch's News Corp., forming a joint venture with the Australian company to deliver electronic information services.
May 13, 1995 |
Rupert Murdoch is considering buying a stake in former Italian Prime Minister Silvio Berlusconi's three television networks, answering the question of where the billionaire may move next in expanding his global media business. Murdoch's News Corp. confirmed Friday in a statement that "contacts have been made" with Berlusconi's Fininvest, but added that there has been no firm offer.
December 8, 1999 |
Media giant News Corp. and Healtheon/WebMD Corp. said they formed a $1-billion programming and marketing partnership, with News Corp. taking a 10.8% stake in the online health information and transaction network. In October, the companies said they had signed a nonbinding letter of intent to develop worldwide media and branding services, an international Internet venture and health and fitness cable television for U.S. audiences. News Corp.
May 11, 2000 |
News Corp., the media company controlled by Rupert Murdoch, said its fiscal third-quarter profit rose 15%, led by higher advertising sales at its newspapers and cable television networks. Profit at the world's fourth-largest media company rose to $193 million, or 18 cents per American depositary receipt, from $168 million, or 17 cents, in the year-earlier period. Revenue rose 4.5% to $3.2 billion from $3.1 billion. News Corp.